Is Bill Arp, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bill Arp is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Bill Arp has remained a Seller's Market.

Key Takeaway

Bill Arp is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bill Arp, GA

How much do homes in Bill Arp, GA cost?

Median Sold Price

$325,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,833(+2.8%)

Key Takeaway

Homes in Bill Arp have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Bill Arp was $325,000 in May 2024, up 2.8% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $229.9K$385K
+67.5%
3 $270K$275K
+1.9%
4 $352K$345K
-2.0%
5+ $475K$510K
+7.4%

Summary: Bill Arp housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 67.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Cities

Fairplay
+5.2%
Bill Arp
+2.8%
Douglasville
+2.2%
Douglasville-Lithia Springs
+1.1%
Winston
-0.6%

Housing Supply in Bill Arp, GA

How many homes are available in Bill Arp, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
257287+11.7%

Summary: The Bill Arp real estate market had 287 homes for sale in May 2024, a 11.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 111121
+9.0%
4 8691
+5.8%
5+ 5873
+25.9%

Summary: The Bill Arp housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 25.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4666+43.5%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bill Arp, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Bill Arp in May 2024, up by 43.5% month-over-month. Of the 64 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.

Days on Market for Bill Arp, GA

How long does it take to sell a home in Bill Arp, GA?

Average Sale Time

May 2023May 2024CHANGE
48 Days31 Days-33.6%

Summary: Homes in Bill Arp had an average of 31 days on market in May 2024, down by 33.6% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bill Arp are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 66 homes were sold in Bill Arp; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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